TECH Buy 10.05.2024 08:56
Altria Group Inc.: wave analysis
Growth is possible.
On the daily chart, the first wave of the higher level (1) ended, and a downward correction formed as the second wave (2), within which the wave C of (2) formed. Now, the third wave (3) has started, within which the entry first wave of the lower level i of 1 of (3) has formed, a local correction has ended as the second wave ii of 1 of (3), and the third wave iii of 1 of (3) is developing. If the assumption is correct, the asset will grow to the area of 49.00–50.50. In this scenario, critical stop loss level is 40.62.
Indicators
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Buy